Business & Finance
Business and Finance
Business and Finance
Fri, July 1, 2011
Thu, June 30, 2011 Nuveen Short Duration Credit Opportunities Fund Declares Quarterly Distribution
CHICAGO--([ BUSINESS WIRE ])--Nuveen Investments, a leading global provider of investment services to institutions as well as high-net-worth and affluent investors, today announced the initial distribution declaration for the Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD) of $0.1135 per share. This distribution, based on the $20.00 per share IPO price, reflects an annualized distribution rate of 6.81 percent.
The funda™s primary investment objective is to provide current income and the potential for capital appreciation. The fund seeks to achieve its investment objective by investing primarily in a blended portfolio of below investment grade adjustable rate corporate debt instruments, including senior secured loans, second lien loans and other adjustable rate corporate debt instruments.
The following dates apply to todaya™s distribution declaration:
| Record Date | July 15, 2011 | ||
| Ex-Dividend Date | July 13, 2011 | ||
| Payable Date | August 1, 2011 |
| Monthly Distribution Per Share | ||||||
| Change From | ||||||
Ticker | Fund Name | Amount | Previous Month | |||
| JSD | Nuveen Short Duration Credit Opportunities Fund | .1135 | - | |||
The fund intends to make regular quarterly distributions to its shareholders based on its past and projected performance. The fund will seek to establish a distribution rate that roughly corresponds to the funda™s projections of the cash flow that could reasonably be expected to be generated by the funda™s portfolio investments net of fund expenses, over an extended period of time. As market conditions and portfolio performance may change, the rate of distributions on the shares and the funda™s distribution policy could change.
Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions, high net worth and affluent investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates - NWQ, Nuveen Asset Management, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, Nuveen Investments had $212 billion of assets under management as of April 30, 2011. For more information, please visit the Nuveen Investments website at [ www.nuveen.com ].
